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Summit Hotel Properties (INN) Revenue & Revenue Breakdown

OverviewOwnershipFinancialsChartTranscripts

Summit Hotel Properties Revenue Highlights

Latest Revenue (Y)

$736.13M

Latest Revenue (Q)

$176.81M

Main Segment (Y)

Occupancy

Summit Hotel Properties Revenue by Period

Summit Hotel Properties Revenue by Year

DateRevenueChange
2023-12-31$736.13M8.94%
2022-12-31$675.70M86.69%
2021-12-31$361.93M54.36%
2020-12-31$234.46M-57.32%
2019-12-31$549.35M-3.16%
2018-12-31$567.27M10.07%
2017-12-31$515.38M8.74%
2016-12-31$473.94M2.26%
2015-12-31$463.45M14.87%
2014-12-31$403.47M34.96%
2013-12-31$298.96M17.02%
2012-12-31$255.47M90.25%
2011-12-31$134.28M-1.00%
2010-12-31$135.64M11.91%
2009-12-31$121.20M-10.29%
2008-12-31$135.11M-

Summit Hotel Properties generated $736.13M in revenue during NA 2023, up 8.94% compared to the previous quarter, and up 129.77% compared to the same period a year ago.

Summit Hotel Properties Revenue by Quarter

DateRevenueChange
2024-09-30$176.81M-8.82%
2024-06-30$193.90M3.06%
2024-03-31$188.14M6.03%
2023-12-31$177.44M-2.41%
2023-09-30$181.82M-6.52%
2023-06-30$194.49M6.64%
2023-03-31$182.38M5.84%
2022-12-31$172.33M-3.32%
2022-09-30$178.25M-2.73%
2022-06-30$183.25M29.17%
2022-03-31$141.87M32.76%
2021-12-31$106.86M-3.45%
2021-09-30$110.69M27.93%
2021-06-30$86.52M49.56%
2021-03-31$57.85M19.95%
2020-12-31$48.23M-7.98%
2020-09-30$52.41M106.05%
2020-06-30$25.44M-76.53%
2020-03-31$108.39M-18.98%
2019-12-31$133.78M0.07%
2019-09-30$133.69M-6.47%
2019-06-30$142.93M2.86%
2019-03-31$138.95M4.86%
2018-12-31$132.51M-6.91%
2018-09-30$142.34M-6.49%
2018-06-30$152.22M8.58%
2018-03-31$140.20M6.42%
2017-12-31$131.75M-3.54%
2017-09-30$136.59M5.84%
2017-06-30$129.06M9.38%
2017-03-31$117.99M6.95%
2016-12-31$110.32M-6.77%
2016-09-30$118.34M-6.96%
2016-06-30$127.19M7.72%
2016-03-31$118.08M7.31%
2015-12-31$110.04M-12.03%
2015-09-30$125.09M3.66%
2015-06-30$120.68M12.10%
2015-03-31$107.65M8.58%
2014-12-31$99.14M-9.26%
2014-09-30$109.26M3.54%
2014-06-30$105.53M17.85%
2014-03-31$89.54M14.86%
2013-12-31$77.96M-5.13%
2013-09-30$82.17M-1.11%
2013-06-30$83.10M31.46%
2013-03-31$63.21M23.66%
2012-12-31$51.12M-0.23%
2012-09-30$51.23M8.36%
2012-06-30$47.28M18.18%
2012-03-31$40.01M100.44%
2011-12-31$19.96M-52.85%
2011-09-30$42.33M9.69%
2011-06-30$38.59M15.51%
2011-03-31$33.41M8.39%
2010-12-31$30.82M-18.03%
2010-09-30$37.60M4.88%
2010-06-30$35.85M14.31%
2010-03-31$31.36M10.45%
2009-12-31$28.40M-11.84%
2009-09-30$32.21M2.93%
2009-06-30$31.29M6.79%
2009-03-31$29.30M-

Summit Hotel Properties generated $176.81M in revenue during Q3 2024, up -8.82% compared to the previous quarter, and up 90.91% compared to the same period a year ago.

Summit Hotel Properties Revenue Breakdown

Summit Hotel Properties Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21Dec 20Dec 19Dec 18
Hotel, Other$34.21M$20.29M$12.51M$20.22M$19.06M
Food and Beverage$32.12M$7.30M$6.44M$23.79M$24.77M
Occupancy$609.37M$334.34M$215.51M$505.34M$523.44M

Summit Hotel Properties's latest annual revenue breakdown by segment (product or service), as of Dec 22: Occupancy (90.18%), Hotel, Other (5.06%), and Food and Beverage (4.75%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Mar 23Dec 22Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Sep 20Jun 20Mar 20Sep 19Jun 19Mar 19Sep 18
Food and Beverage$9.27M$10.07M$10.83M$10.63M$9.94M$8.85M$7.66M$5.66M$2.10M$1.56M$1.00M$628.00K$248.00K$4.88M$5.54M$6.28M$6.16M-
Occupancy$157.41M$173.03M$167.43M$163.09M$153.62M$160.13M$166.80M$128.81M$102.52M$80.00M$53.24M$48.64M$23.83M$98.60M$123.11M$131.66M$128.10M$131.43M
Hotel, Other$10.13M$10.81M$9.88M$8.66M$8.77M$9.27M$8.78M$7.40M$6.07M$4.97M$3.61M$3.15M$1.36M$4.90M$5.03M$4.99M$4.69M$5.09M
Food And Beverage-----------------$5.82M

Summit Hotel Properties's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Occupancy (89.03%), Hotel, Other (5.73%), and Food and Beverage (5.24%).

Summit Hotel Properties Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
RHPRyman Hospitality Properties$2.16B$549.96M
PEBPebblebrook Hotel Trust$1.42B$404.53M
RLJRLJ Lodging Trust$1.33B$345.74M
DRHDiamondRock Hospitality Company$1.07B$285.13M
SHOSunstone Hotel Investors$986.48M$226.39M
INNSummit Hotel Properties$736.13M$176.81M
HTHersha Hospitality Trust$405.87M$91.98M
CLDTChatham Lodging Trust$311.11M$86.48M

INN Revenue FAQ

What is Summit Hotel Properties’s yearly revenue?

Summit Hotel Properties's yearly revenue for 2023 was $736.13M, representing an increase of 8.94% compared to 2022. The company's yearly revenue for 2022 was $675.7M, representing an increase of 86.69% compared to 2021. INN's yearly revenue for 2021 was $361.93M, representing an increase of 54.36% compared to 2020.

What is Summit Hotel Properties’s quarterly revenue?

Summit Hotel Properties's quarterly revenue for Q3 2024 was $176.81M, a -8.82% decrease from the previous quarter (Q2 2024), and a -2.75% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $193.9M, a 3.06% increase from the previous quarter (Q1 2024), and a -0.30% decrease year-over-year (Q2 2023). INN's quarterly revenue for Q1 2024 was $188.14M, a 6.03% increase from the previous quarter (Q4 2023), and a 3.16% increase year-over-year (Q1 2023).

What is Summit Hotel Properties’s revenue growth rate?

Summit Hotel Properties's revenue growth rate for the last 3 years (2021-2023) was 103.39%, and for the last 5 years (2019-2023) was 34.00%.

What are Summit Hotel Properties’s revenue streams?

Summit Hotel Properties's revenue streams in c 22 are Hotel, Other, Food and Beverage, and Occupancy. Hotel, Other generated $34.21M in revenue, accounting 5.06% of the company's total revenue, up 68.60% year-over-year. Food and Beverage generated $32.12M in revenue, accounting 4.75% of the company's total revenue, up 340.02% year-over-year. Occupancy generated $609.37M in revenue, accounting 90.18% of the company's total revenue, up 82.26% year-over-year.

What is Summit Hotel Properties’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Summit Hotel Properties was Occupancy. This segment made a revenue of $609.37M, representing 90.18% of the company's total revenue.